What is the Main Chain and Side Chain (Definition of Main Chain and Side Chain)

What is the main chain and side chain? What is the main chain and what is the side chain for any cryptocurrency blockchain system? There are two types of main chains, one is built on a network supported by a single technology (such as EOS), and the other runs on different networks using block space. The so-called “fork” refers to competitive issues between different projects or different protocol layer architectures with certain differences, also known as bidirectional transactions or multilateral transfers. What is the main chain and side chain? Taking Bitcoin as an example, it is a decentralized data storage and computing platform that ensures security using homomorphic encryption, asymmetric encryption, and cryptographic principles. Bitcoin as a distributed ledger system allows people to create digital assets and interact with them in various ways.

What is the main chain and side chain

In the field of cryptocurrency, the main chain and side chain are referred to as “core” or “side chain”. They can be a single network, multiple shards, or a consortium chain.

Different blockchains have their own attributes, but they are different from each other: different types of main chains operate through their unique consensus algorithms; different ledgers are maintained by different components, ensuring the security of the entire network. What is the main chain? What is the main chain and side chain? Why are the main chain and side chain considered equal? Let’s explain through two concepts: 1) How do centralized institutions control nodes? 2) How is the security of data in the system ensured? 3) Is there a mechanism to prevent internal interference in the normal operation of the network? 4) These mechanisms allow communication between each node. This means that when a new block appears on the main chain, it is responsible for protecting whether this new chain is still operational, ultimately leading to transaction failure.

There are currently two methods to achieve the above objectives:

The first method is to establish a mainline or expand the infrastructure outside the Bitcoin network, which includes some basic functions such as storing proofs and validator voting. Without doing so, the mainnet could lose all capacity, and the side chain would delegate all ownership to an independent entity that acts as a supercomputer to process a large number of transactions. The second method is to allocate this by using a new technology similar to Proof of Work (POW), such as hash power, to a specific network.

The third method is to obtain funding from another distributed application developer because they believe that this protocol is more reliable, lower cost, and more scalable than PoW. For example, Ripple is studying a solution to provide support for DApps to build trustless applications on its platform without relying on third parties. Therefore, to better understand the design of the main chain and side chain, we need a simple definition of the differences between the two. What is the main chain and side chain? The main chain is a decentralized computing unit that consists of a group of smart contracts, which form a complete network. It allows participants to create their own rules based on their own situations and can perform tasks and receive rewards at the same time. (For example, Ripple has conducted an experiment to ensure that each transaction occurs at the same time) This design allows a blockchain to be both a global unique ledger and unchangeable, and can only be used for sharing information. However, there are also a few other options. 1. The main chain advocates either complete decentralization or sending only a small amount of information to users. This is because the blockchain itself is a means of storing value, and its main function is to facilitate payments and act as an intermediary between other blockchain service providers, so in general, public chains advocate disintermediation rather than a simple centralized database. 2. The main chain pillar subjectively understands that the main chain pillar refers to the data structure and related characteristics owned by nodes in the existing blockchain network. Specifically, it refers to implementing operations on the main chain through certain infrastructure within the network.